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EPL Clubs in the Dark over Bung Scandal

As the "bung" scandal moves forward, the English Premier League's clubs are still uncertain of the identity of the eight clubs to be indicted by Metropolitan Police commissioner Lord Stevens. Previously, Stevens said that 39 transfers involving eight clubs who played in the EPL from the 2003-04 to 2005-06 seasons. Reports yesterday in England claimed that Birmingham City, Bolton Wanderers, Liverpool, Middlesbrough, Portsmouth, Newcastle United, Southampton and West Bromwich Albion are the eight clubs in question, although neither the inquiry team nor the EPL would confirm or deny those claims. One source who works at one of those clubs said the clubs themselves were given no indication whether they were to be indicted or not. The Guardian says that Stevens is made all the more difficult by the relative ease with which funds can be diverted to club officials by covert means. Said the source (who's an agent): "If I received, say, £600,000 [$1.08 million] commission on a deal, I would pay the tax on the whole lump and pay it into a bank account," he said. "As long as I pay the tax on it, nobody is going to think that there's anything wrong. So if I then draw the money out in cash and give that to the manager, nobody would ever know. What does it matter what I do with my money once I've earned it?" Well, it matters a lot to the British government. That's tax evasion in this country.

Read the whole story at The Guardian »

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